(a) Prepare an income statement with proper title in multi-step form. Format for multi-ste. Page 5 of 8: ACCT 2110 Test 2.docx Question 4. Financial Statements. (40 points) Selected items from the December 31, 2021 trial balance for Randolph Industries is shown below. December 31 is Randolph's fiscal year end. Randolph Industries, Inc. Partial Trial Balance December 31, 2021 Debit Credit $260,000 $203,000 $212,000 $203,000 $267.000 $300,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense - Equipment Equipment Income Tax Expense Insurance Expense Interest Expense Inventory Prepaid Insurance Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Utilities Expense $2,101,000 $20,000 $607,000 $172,250 $6,000 $35,000 $560,000 $29,000 $27,000 $11,000 $291,250 $15,000 $64,000 $161,000 $3,239,000 $6,000 $17,000 $22,000 Quest Finand Pace of BLACCT-2110 - Test.docx Show ; (a) Prepare an income statement with proper title in multi-step form. Format for multi-step income statement: (40 points) (in mil Averag Net al Cost of Net Inc a) Calcu s Pro lan 7